Private equity market struggles in 2025 due to tariff uncertainty, leaving firms with cash return challenges. Carlyle and Goldman Sachs innovate solutions as sector faces 2% asset decline. IPOs and M&A deals down, but exits increase. Carlyle raises $20 billion for secondaries fund, while Goldman Sachs pitches $15 billion fund and hybrid capital option.

Private equity industry faces unprecedented liquidity issues, with $3 trillion backlog of unsold stakes. Bain chair warns of 15,000 companies worth $1.8 trillion needing exits soon. Carlyle and Goldman Sachs offer solutions to logjam. Exit volume last year was $600 billion, highlighting the challenge facing the industry.

Read more at Yahoo Finance: Carlyle, Goldman Spot Dollar Signs in Private Equity’s Liquidity Logjam